EUR/JPY Bearish Setup | Rejection from 200 EMA & Supply Zone

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EUR/JPY Analysis (Daily Timeframe) 📉🔥
Key Observations:
Price at 159.804 (-0.07%), showing minor bearish sentiment.
200 EMA Resistance (162.206) 🚧
Price previously rejected from this level, reinforcing it as a strong resistance zone.
Bearish Retest of Supply Zone (162.000 - 162.500) 🛑
Price attempted to break above but failed, leading to rejection and a move downward.
Breakout from Ascending Channel 📉
Price previously followed an upward trend but broke below, signaling a shift to bearish momentum.
Target at 155.732 (Next Support) 🎯
A blue arrow suggests an expected drop toward this key support.
Bias: Bearish 📉
Confirmation: If price fails to reclaim 160.500, further downside is likely.
Bearish Entry: Below 159.500 with a target at 155.732.
Invalidation: A daily close above 162.200 would shift bias to bullish.
🚨 Watch for rejection candles or strong bearish momentum for a sell setup! 🚨

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EUR/JPY Hits 156 Level 🎯 | Bearish Move In Progress 📉

Price has made a solid move toward the 156 level, hitting a key support zone. The bearish momentum remains strong, as anticipated, after rejection from the 200 EMA and the supply zone. This move aligns with our target at 155.732, and if the downward pressure continues, we could see further declines. Keep an eye on this level for potential reversals or continued weakness!

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EUR/JPY Bearish Target Hit ✅ | Precision Analysis 📉🎯

EUR/JPY followed the expected bearish path, successfully reaching the 156 level as analyzed. The rejection from the 200 EMA and the supply zone played out perfectly, fueling the downside move. With price action respecting the structure, we now watch for reactions at the 155.732 support—either a potential bounce or further breakdown. Stay sharp for the next move! 🚀🔥